Frankfort, IN Home Values & Market Trends
Real estate market trends reflect that there have been 486 transactions over the past year in Frankfort. The median value for residential home transactions that occurred over the previous year is $178,547.32. The number of current listings in Frankfort is 26, and the percentage of properties for sale in the city is 26.00%. Frankfort, IN currently has 29 properties in foreclosure, 2 bank owned properties, 4 properties headed for auction, and 26 properties for sale.
Frankfort, IN Real Estate Market Overview
Zip | Median Est. Value |
---|---|
46041 | $ 183,658 $ 130/sqft |
Housing Market Summary for Frankfort, IN
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $155K | $180.4K | 16.38% |
Median Sold Price | $421.6K | $180.4K | -57.21% |
Homes For Sale | 25 | 26 | 4.00% |
Homes Sold | 1 | 158 | 15700.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Frankfort, IN
Browse Homes in Frankfort, IN
Frankfort home values range from $22,048 to $4,970,589. The median estimated value of a home in Frankfort is $178,547.32. The median list price of a home is 215,000, and the total count of properties in the city is 7,816.
- Pre-ForeclosurePre-foreclosure homes account for 0.29% of all residential properties in Frankfort, IN with 46041 containing 23 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Frankfort, IN; of that zips, the estimated home value for pre-foreclosure homes ranges from $400,574 in 46041 to the lowest home value of $100,490 in 46041.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Frankfort, IN ranges from the highest value of $147,000 in 46041 to the lowest value of $57,500 in 46041. Bank owned homes and properties account for 0.03% of properties in Frankfort, IN. There is 1 zips within Frankfort, IN; 46041 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions46041 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Frankfort, IN. Auction homes and other auction properties account for 0.05% of all properties in Frankfort, IN. There is 1 zips within Frankfort, IN; of that zips, the median estimated home value for homes going to auction ranges from $198,695 in 46041 to the lowest value of $146,845 in 46041.
Compare Nearby Cities
More Real Estate Resources for Frankfort, IN
Guide for Frankfort, IN
The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.